Lyft price tries to gather positive momentum - Forecast today - 02-04-2024

Economies.com
2024-04-02 14:17PM UTC

Lyft’ss stock price (LYFT) fell in the intraday levels amid negative signals from the RSI after reaching overbought levels, while gathering positive momentum to rise anew, amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium term, as the stock trades alongside the secondary short-term trend line.

 

Therefore we expect the stock to return higher and target the resistance of $22.00, provided it settles firmly above the resistance of $19.40. 

 

Trend forecast: Likely Bullish 

 

 

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